Global Aircraft Airspeed Indicators
Market Report
2025
The Global Aircraft Airspeed Indicators market size will enhance at a compound annual growth rate (CAGR) of 7.50% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Aircraft Airspeed Indicators market size will be USD XX billion in 2023 and will enhance at a compound annual growth rate (CAGR) of 7.50% from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global Aircraft Airspeed Indicators Market Sales Revenue | 121212 | 121212 | 121212 | 7.5% |
North America Aircraft Airspeed Indicators Market Sales Revenue | 121212 | 121212 | 121212 | 6.3% |
Europe Aircraft Airspeed Indicators Market Sales Revenue | 121212 | 121212 | 121212 | 6.5% |
Asia Pacific Aircraft Airspeed Indicators Market Sales Revenue | 121212 | 121212 | 121212 | 9.3% |
South America Aircraft Airspeed Indicators Market Sales Revenue | 121212 | 121212 | 121212 | 7.3% |
Middle East Aircraft Airspeed Indicators Market Sales Revenue | 121212 | 121212 | 121212 | 7.4% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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Market Split by Distribution Channel |
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Market Split by Aircraft Type |
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Market Split by Technology |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Aircraft Airspeed Indicators Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Aircraft airspeed indicators measure the speed of an aircraft through the air. They display airspeed, the rate at which an aircraft moves through the atmosphere. The growing demand for air travel, organizations investing in the modernization and expansion of their fleets, ongoing advancements in avionics technology, rising military expenditure, the emergence of new markets for air travel in developing regions, rising focus on improving fuel efficiency and overall aircraft performance, ongoing research and development efforts in the aerospace industry, increasing need for the replacement of ageing aircraft and outdated avionics systems and global connectivity are the major factors bolstering the growth of the Aircraft Airspeed Indicators market.
For instance, Collins Aerospace acquired Flight Aware's ADS-B assets, Barfield acquired Ahlers Aerospace, and Aircraft Spruce acquired Falcon Gauge.
(Source: www.collinsaerospace.com/news/news/2021/08/collins-aerospace-to-acquire-flightaware)
The aircraft airspeed indicators market is experiencing growth due to increased military spending. Governments worldwide are allocating substantial budgets to enhance their defence capabilities, increasing demand for advanced avionics and aircraft systems. Airspeed indicators play a crucial role in ensuring military aircraft's operational efficiency and safety. The rising focus on modernizing and upgrading military fleets and the need for cutting-edge technologies to maintain air superiority is propelling the demand for high-performance airspeed indicators. This trend is expected to drive growth in the Aircraft Airspeed Indicators market as defence forces prioritize investments in advanced aviation equipment to meet evolving security challenges.
For instance, global defence spending crossed $2 trillion in 2021. Since air data indicators are critical avionics components, their demand directly benefits from the growth in military aviation.
(Source: www.sipri.org/media/press-release/2022/world-military-expenditure-passes-2-trillion-first-time)
The increasing aircraft production & deliveries is propelling the growth of the market. The robust growth in the aviation sector, characterized by increasing demand for commercial and military aircraft, is fueling the need for advanced and reliable airspeed indicators. With a surge in orders and deliveries, aircraft manufacturers focus on incorporating state-of-the-art avionics systems, including airspeed indicators, to enhance overall flight safety and efficiency. This trend fosters innovation and technological advancements in airspeed indicator designs, creating a positive market environment for suppliers and manufacturers catering to the rising demands of the aviation industry.
For instance, Boeing and Airbus received new orders for over 2000 commercial jets in 2021. The production ramp-up of new aircraft models, such as the Boeing 777X and Airbus A320neo, is also driving growth.
The Aircraft Airspeed Indicators market faces a challenge due to differences in the prices of materials. The market relies on various materials, including specialized alloys and precision components, whose costs can be volatile. Fluctuations in raw material prices impact production expenses, affecting profit margins for manufacturers and potentially leading to increased end-product costs. Such unpredictability challenges market players in managing production budgets and pricing strategies. Adapting to these material price fluctuations becomes crucial for sustained competitiveness in the Aircraft Airspeed Indicators Market, requiring effective supply chain management and strategic planning to mitigate the impact of cost variations on overall market dynamics.
The Aircraft Airspeed Indicators market experienced the impact of COVID-19 disruptions, which led to travel restrictions and reduced air travel demand. Aircraft manufacturers and suppliers experienced supply chain disruptions, production delays, and decreased orders, leading to financial strain. The decline in new aircraft deliveries and retrofit projects further exacerbated the market's downturn. Despite the challenges, the industry adapted by focusing on cost-cutting measures, technological innovations, and exploring cargo and military aviation opportunities. The recovery of the aircraft airspeed indicators market is contingent on the broader revival of the global aviation sector as the world navigates through the ongoing pandemic.
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The players focus on product innovation and strategic partnerships to maintain their market share. The market is characterized by a continuous emphasis on research and development to introduce advanced airspeed indicator technologies, ensuring a competitive landscape in the aviation industry.
(Source: thommen.aero/)
Top Companies Market Share in Aircraft Airspeed Indicators Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue, owing to the region's robust aviation industry. The presence of major aircraft manufacturers and a high demand for advanced avionics contribute to market growth. The United States, being a key player in aviation, drives significant market expansion. Technological advancements and stringent safety regulations stimulate the adoption of modern airspeed indicators. Moreover, the region's emphasis on research and development enhances product innovation. North America's market is characterized by strong collaborations between industry players and research institutions, fostering continuous advancements. The region showcases a dynamic aviation landscape, propelling the aircraft airspeed indicators market forward.
Europe is the fastest-growing category because it is a key hub for aerospace innovation and manufacturing, with prominent players contributing to technological advancements. Stringent aviation regulations and a focus on safety drive the demand for state-of-the-art airspeed indicators. Countries like Germany, France, and the United Kingdom play pivotal roles in shaping the market, hosting major aerospace companies and research institutions. Additionally, a well-established aviation infrastructure and a high concentration of airlines further fuel market growth. The European Aircraft Airspeed Indicators market is characterized by continuous research and development, strategic partnerships, and a commitment to enhancing air travel safety.
The current report Scope analyzes Aircraft Airspeed Indicators Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Aircraft Airspeed Indicators market size was projected at USD XX billion, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX billion in 2023 and will extend at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030, owing to the region’s technological advancements, increasing demand for commercial and military aircraft, and stringent safety regulations propelling market growth. North America's strong focus on research and development, coupled with a high adoption rate of advanced avionics systems, contributes significantly to the overall expansion of the global aircraft airspeed indicators market. The North American segment is witnessing a surge in the adoption of advanced airspeed indicator technologies, driven by the region's robust aviation infrastructure. This trend is expected to continue, with innovations in airspeed measurement systems enhancing safety and performance in the aerospace sector.
According to Cognitive Market Research, the global Aircraft Airspeed Indicators market size was projected at USD XX billion, out of which Europe held the major market of more than 30% of the global revenue with a market size of USD XX billion in 2023 and will extend at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030, owing to the growing continuous technological advancements in aviation, ensuring enhanced safety and efficiency. As demand for air travel increases, the need for reliable airspeed indicators rises, driving market growth. Europe's prominent position in aviation innovation and regulation further contributes to the region's significant impact on the global aircraft airspeed indicators market. European aviation, marked by innovation and regulatory compliance, contributes substantially to the segment's growth, reflecting a dynamic landscape with evolving technologies and heightened safety standards.
According to Cognitive Market Research, the global Aircraft Airspeed Indicators market size was estimated at USD XX billion, out of which Asia Pacific held the major market of more than 22% of the global revenue with market size of USD XX billion in 2023 and will expand at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030 due to the region's growing burgeoning aviation industry, increasing air travel demand, and rising investments in modernizing fleets contribute significantly to market growth. As technological advancements and safety regulations drive the need for reliable airspeed indicators, manufacturers in Asia-Pacific are poised to capitalize on this trend, making the region a key influencer in the expanding global market. Asia-Pacific's expanding aviation sector, technological advancements, and increasing demand for efficient airspeed indicators contribute to the market's robust growth, making it a focal point for industry players and investors.
According to Cognitive Market Research, the global Aircraft Airspeed Indicators market size was evaluated at USD XX billion, out of which Latin America held the major market of more than 5% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030 due to the region's rising air travel demand, technological advancements, and stringent safety regulations. Latin America contributes to this trend with increasing regional air traffic and fleet expansion. The key driver is the aviation industry's continuous focus on enhancing operational efficiency and safety, fueling the demand for advanced airspeed indicators. This market surge reflects a broader global commitment to modernizing aviation systems and ensuring secure and efficient air travel. Companies focus on technological innovations to enhance accuracy and reliability, further fueling the evolution of the airspeed indicators market in this dynamic and promising region.
According to Cognitive Market Research, the global Aircraft Airspeed Indicators market size was projected at USD XX billion, out of which M.E.A. held the major market of more than 3% of the global revenue with a market size of USD XX billion in 2023 and will raise at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030 due to the region's rising demand for advanced avionics systems to enhance flight safety and efficiency. Increasing air travel, stringent aviation regulations, and technological advancements influence market growth. As the aviation industry prioritizes safety and performance, the demand for accurate and reliable airspeed indicators is expected to surge, fostering innovation and market expansion in the region. Collaborations between industry players and a focus on precision and reliability underscore the competitive landscape. Overall, the market is characterized by innovation, safety, and a growing emphasis on enhancing aviation capabilities.
Global Aircraft Airspeed Indicators Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Aircraft Airspeed Indicators Industry growth. Aircraft Airspeed Indicators market has been segmented with the help of its Type, Application Distribution Channel, and others. Aircraft Airspeed Indicators market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the analogue type held the prominent share in the market over the forecasted period. These indicators utilize traditional needle and dial displays, visually representing the aircraft's speed. These indicators are known for their reliability and simplicity.
Digital type is the fastest-growing category over the projected period. These indicators leverage electronic displays for precise and easily readable speed information. They often incorporate advanced features for enhanced accuracy and data integration.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aircraft Airspeed Indicators Industry. Request a Free Sample PDF!
According to Cognitive Market Research, civil aviation holds a prominent market share. In this segment, airspeed indicators are crucial in ensuring safe and efficient flight operations for commercial and private aircraft. These indicators provide essential information to pilots for maintaining optimal airspeed during various phases of flight.
Military aviation is the fastest-growing category. In this segment, airspeed indicators are integral to military aircraft's performance and mission success, supporting tactical and strategic operations.
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According to Cognitive Market Research, O.E.M. holds a prominent market share. It encompasses the production and supply of airspeed indicators directly from manufacturers to aircraft manufacturers.
Aftermarket is the fastest-growing category. It involves the sale of these indicators as replacement parts or upgrades after the initial sale of the aircraft. The Aftermarket segment often involves maintenance, repair, and retrofitting activities.
According to Cognitive Market Research, fixed-wing hold a prominent market share. It includes commercial aeroplanes and military jets, which rely on airspeed indicators to measure their forward speed for safe and efficient flight.
The rotary wing is the fastest-growing category. It includes helicopters, which also utilize airspeed indicators to monitor their airspeed during various flight phases.
According to Cognitive Market Research, pitot-static holds a prominent market share. It relies on pressure differentials to measure airspeed, providing crucial data for safe flight. The Pitot-static system remains a stalwart in aviation, offering reliability.
GPS-based is the fastest-growing category. It leverages satellite signals for accurate speed determination. GPS-based solutions present advancements in precision.
Research Associate at Cognitive Market Research
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Aircraft Airspeed Indicators Market is witnessing significant growth in the near future.
In 2023, the Analog Type segment accounted for noticeable share of global Aircraft Airspeed Indicators Market and is projected to experience significant growth in the near future.
The Civil Aviation segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies J.D.C. ELECTRONIC , M.A.V. AVIONIC SRL and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Analog Type, Digital Type |
Application | Civil Aviation, Military Aviation, General Aviation, Commercial Aviation |
Distribution Channel | O.E.M., Aftermarket |
Aircraft Type | Fixed-wing, Rotary wing |
Technology | Pitot-static, GPS-based, MEMS |
List of Competitors | J.D.C. ELECTRONIC, LX navigation d.0.0., M.A.V. AVIONIC SRL, Mid-Continent Instruments & Avionics, Mikrotechna Praha A.S., Barfield, Aerosonic Corporation, Sigma-Tek, Suzhou Changfeng Instruments Co. Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Aircraft Airspeed Indicators. Further deep in this chapter, you will be able to review Global Aircraft Airspeed Indicators Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Aircraft Airspeed Indicators. Further deep in this chapter, you will be able to review North America Aircraft Airspeed Indicators Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Aircraft Airspeed Indicators. Further deep in this chapter, you will be able to review Europe Aircraft Airspeed Indicators Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Aircraft Airspeed Indicators. Further deep in this chapter, you will be able to review Asia Pacific Aircraft Airspeed Indicators Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Aircraft Airspeed Indicators. Further deep in this chapter, you will be able to review South America Aircraft Airspeed Indicators Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Aircraft Airspeed Indicators. Further deep in this chapter, you will be able to review Middle East Aircraft Airspeed Indicators Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Aircraft Airspeed Indicators. Further deep in this chapter, you will be able to review Middle East Aircraft Airspeed Indicators Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Aircraft Airspeed Indicators. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Distribution Channel Analysis 2021 - 2033
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Chapter 13 Market Split by Aircraft Type Analysis 2021 - 2033
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Chapter 14 Market Split by Technology Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aircraft Airspeed Indicators market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why Analog Type have a significant impact on Aircraft Airspeed Indicators market? |
What are the key factors affecting the Analog Type and Digital Type of Aircraft Airspeed Indicators Market? |
What is the CAGR/Growth Rate of Civil Aviation during the forecast period? |
By type, which segment accounted for largest share of the global Aircraft Airspeed Indicators Market? |
Which region is expected to dominate the global Aircraft Airspeed Indicators Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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